Which of the following is correct about the Uniform Commercial Code?

Question

Quizplus · Accepted Answer

Article 3 of the Uniform Commercial Code covers negotiable instruments such as checks and promissory notes, while Article 4 covers bank deposits and collections. Therefore, option A is correct. Option B is incorrect because Article 2 covers the sale of goods, not negotiable instruments or bank deposits and collections. Option C is incorrect because other articles such as Article 9 also affect the banking system. Option D is incorrect because negotiable instruments are specifically covered under Article 3.

Which of the Following Is Correct About the Uniform Commercial